Looking At Cleveland-Cliffs's Recent Unusual Options Activity - Cleveland-Cliffs (NYSE:CLF)

Core Insights - Whales have adopted a bullish stance on Cleveland-Cliffs, with 50% of investors opening trades with bullish expectations and 41% with bearish [1] - The price target for Cleveland-Cliffs is projected between $8.0 and $22.0 based on recent options activity [2] - The average target price from industry analysts for Cleveland-Cliffs is $12.75, with individual targets ranging from $11 to $14 [10][11] Options Activity - A total of 12 trades were detected for Cleveland-Cliffs, with 10 calls amounting to $343,998 and 2 puts totaling $65,950 [1] - The mean open interest for options trades is 10,166.5, with a total volume of 5,302 [3] - Significant options trades include bullish call options with various expiration dates and strike prices, indicating strong interest from investors [8] Company Overview - Cleveland-Cliffs Inc is a flat-rolled steel producer and iron ore pellet manufacturer in North America, primarily serving the automotive industry [9] - The company operates through four segments but reports under one segment, Steelmaking, and is vertically integrated from raw materials to finished products [9] Current Market Position - The current stock price of Cleveland-Cliffs is $13.72, reflecting a 4.1% increase, with upcoming earnings expected in 7 days [13]